How to survive and make profits during the Bitcoin decline.

I've already experienced a large decline in Bitcoin several times, but I can't help being nervous. Bitcoin, which had risen to up to 80 million won, fell to 50 million won and rebounded to 60 million won. The plunge began due to the crisis of Hengda's bankruptcy and Berkshire Hathaway Vice Chairman Charlie Munger, called Warren Buffett's right-hand man,'Bitcoin Bubble' remarks, and this seems to have happened as forced liquidation occurred in a row.

What does Berkshire Hathaway Vice Chairman Charlie Munger say?

Bitcoin's value fluctuated shortly after Berkshire Hathaway Vice Chairman Charlie Munger, who always protects him like a shadow next to investment genius Warren Buffett. Vice Chairman Munger attended a financial seminar in Australia and warned of the asset bubble, saying, "The current bubble is more serious than the IT bubble." He also said, "Virtual assets should not have existed."

He praised the Chinese for banning virtual asset trading, saying, "English-speaking civilization has made a wrong decision on virtual assets and I can't stand participating in this crazy boom in any way." In fact, China has recently banned mining and trading virtual assets. The virtual asset market is fluctuating significantly after the remarks of behind-the-scenes vice chairman Munger, who moves Buffett, became known.

How to survive without selling Bitcoin in the bear market.

At times like this, it's very hard to stay alert. If you see a huge minus right in front of you. Of course, the same goes for me. In the past, I was like, "What should I do?" "Did I screw it up? Should I sell it now?" But now, "Again? "Let's wait!" It's like this.

The reason why this can happen is that even if it falls like this, I'm still making profits. And in experience, the value of coins eventually rose again. I've been going through numerous declines since I invested in Bitcoin for a long time. However, I have never sold coins in the bear market.

Because there is a belief in blockchain technology and this market. This is because there is a strong belief that it will rise to the right just like stable stocks. If I had sold coins every fall, I would have been broke.

This is the conclusion. Those who are losing money right now will have a hard time, but if you continue to study with faith in this technology and the future of this market, you will have the power to endure a little. You can endure as much as you know.

Please know why blockchain technology is more important in the future and what countless coins are trying to do. I hope you have enough study to have grounded patience. At the end of that patience will be accompanied by sufficient rewards.